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SmarTrend Watching for Potential Rebound in Shares of Eastman Kodak Co After 1.08% Loss

By Shiri Gupta

Eastman Kodak Co (NYSE:KODK) traded in a range yesterday that spanned from a low of $3.61 to a high of $3.77. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $3.68 on volume of 56,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Eastman Kodak Co has traded in a range of $2.20 to $13.28 and is now at $3.65, 66% above that low. The 200-day and 50-day moving averages have moved 0.96% lower and 1.95% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Eastman Kodak Co on November 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $3.14. Since that recommendation, shares of Eastman Kodak Co have risen 17.7%. We continue to monitor KODK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders eastman kodak co

Ticker(s): KODK